Merrill write-downs total $16.4B, WSJ says

Merrill Lynch's 4Q07 write-offs have been reported at $11.5 billion.

But there's more. The WSJ reports a total of $16.7 billion in write-downs.

The Journal breaks it down this way:

• $9.9B on CDOs

• $1.6B on subprime (in the trading unit)

• $3.1B on exposure to bond insurer

• $0.4B on exposure to Alt-A (in trading unit)

• $0.5B on exposure to residential mortgages outside the U.S.

• $0.23B on exposure to commercial real estate

• $0.126B on exposure to leveraged loans

• $0.869B on exposure to subprime, Alt-A and other elements in the investment portfolios of Merrill's U.S. banks